- What does MSSM invest in?
- MSSM primarily invests in equity securities of mid- and small-cap companies or other investments with similar economic characteristics. The fund defines these companies as those with market caps not exceeding the highest month-end market cap value of any stock in the Russell 2500 or Russell Mid Cap Index for the previous 12 months. To construct the portfolio, the fund employs a multi-manager strategy, with portions of the fund allocated to professional money managers who are responsible for investing the fund's assets. The fund may allocate up to 10% of its assets in foreign securities not traded on a US exchange or the US over-the-counter market. To generate additional income, the fund may lend portfolio securities. On December 9, 2024, MSSM converted from a mutual fund to an ETF structure, starting with $499 million in assets.
- What is the expense ratio of MSSM?
- Morgan Stanley Pathway Funds - Small-Mid Cap Equity ETF (MSSM) charges an expense ratio of 0.89%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is MSSM?
- Morgan Stanley Pathway Funds - Small-Mid Cap Equity ETF (MSSM) manages $697.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is MSSM actively managed or an index fund?
- MSSM is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (MSSM's is 0.89%) because there's no security selection cost.
- When was MSSM launched?
- Morgan Stanley Pathway Funds - Small-Mid Cap Equity ETF (MSSM) launched in November 1991 and is managed by Morgan Stanley.
- How has MSSM performed?
- MSSM's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
